How has the application of IFRS 15 evolved since its effective date?

Abstract. Purpose. To verify the effects of the mandatory nature of the new rule on revenue recognition on the quality of accruals and earnings management ... Jan 9, 2018 ... Bisera Grubesic. Thank you, operator. Good morning, everybody, and welcome to our conference call regarding the adoption of IFRS 15 and 16 ... IFRS 15 sets out a single and comprehensive framework for revenue recognition, The guidance in IFRS 15 is considerably more detailed than existing IFRSs for ... For most companies, the implementation of this standard will result in significant effects on accounting and reporting techniques, on the business processes and ... IFRS 15 introduces a five-step model of revenue recognition, for common to all types of transactions, to all companies and industries. Free Goods given to customers, as part of a sale arrangement, is recorded as Trade Terms or Rebates to customers, under IFRS 15, which represents a deduction of ... Nov 22, 2018 ... This model is designed to illustrate how a change to revenue recognition due to the adoption of IFRS 15, can impact not only current period revenue and profit, ... Feb 6, 2017 ... The concept of income is crucial to the entity's financial performance, and is half of determining an organisation's profitability and ... We provide evidence on the impacts of IFRS 15 on the revenue recognition practices and financial statements for a sample of Australian and New Zealand firms. Our handbook will help you interpret and apply IFRS 15 to your revenue-related transactions in this fast-changing world.